The ABC of taxation

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Monograph

Identifikator:: 1010741608

URN:: urn:nbn:de:zbw-retromon-21094

Document type:: Monograph

Author:: Fillebrown, Charles Bowdoin

Title:: The ABC of taxation

Edition:: Fourth edition specially revised

Place of publication:: Garden City, New York

Publisher:: Doubleday, Page & Company

Year of publication:: 1916

Scope:: 1 Online-Ressource (236 Seiten)

Digitisation:: 2018

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

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Document type:: Monograph

Structure type:: Chapter

Title:: Part II. Three Boston object lessons in taxation

Collection:: Economics Books

72 THE A B C OF TAXATION certainly show that the property was greatly under assessed. Boston’s Ground Rent $55,000,000 In the estimate, offered in Chapter I, page 18, is clearly shown the all-sufficiency of ground rent to bear the whole burden of present taxation. Criti cism of these figures, with fair consideration of the process and steps of the calculation, will be welcome. The 155,000,000 ground rent of Boston is the natural tax which the people of Boston pay for the occupancy and use of their land. This, it is sub mitted, is tax enough for them to pay. But, since only 110,382,628 of this natural tax is taken for public purposes, while 144,617,372 is permitted to be absorbed into private incomes, by the “private appropriation of ground rent,” the people of Boston have to pay an additional tax of 113,038,91400 buildings, personal property, and polls, with the result that the occupancy of their land, with its benefits of good government and public service, costs the people of Boston to-day in round numbers:* The natural tax of ..... $55,000,000 An unnatural tax (on buildings, personal property, and polls) of 13,038,914 Total burden of taxation .... $68,038,914 Of its ground rent, estimated as above at . . $55,000,00o Boston now takes in taxation less than two-tenths, or . . . . _ . . . . $10,382,628 While Boston’s whole tax is much less than five- tenths, or $23,421,542 * Credit for this simple formula of great convenience in dealing ■with taxation in any locality is due to Mr. James R. Garret, a Boston lawyer and conveyancer.

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